PSA looking to buy Jaguar Land Rover

  1. Welcome to GM Inside News Forum Ė General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
Results 1 to 10 of 10

Thread: PSA looking to buy Jaguar Land Rover

  1. #1
    6.2 Liter LS3 V8
    Join Date
    Mar 2013
    Posts
    3,216
    Thanks
    178
    Thanked 713 Times in 566 Posts

    PSA looking to buy Jaguar Land Rover

    PSA looking to buy Jaguar Land Rover, say reports




    Leaked documents suggest PSA could buy JLR; PSA spokesman says company will consider acquisition “if an opportunity comes”

    Jaguar Land Rover could be bought by French carmaker Groupe PSA, the parent company of Peugeot, Citroen and Vauxhall/Opel, according to reports.
    A leaked “post-sale integration document” seen by Press Association (PA) highlights the benefits of a union between the two companies, with insiders at JLR telling PA that “things are moving quickly behind closed doors". The source added: "Just look at how close the two firms are in the UK - the two head offices in Coventry and Gaydon are just 25 miles apart and both firms make cars in the UK.

    A statement from PSA said the company was in “no hurry” to buy JLR, but that "If an opportunity comes, like Opel (Vauxhall), we will consider it." PSA, which is 13.68 per cent owned by the French Government, has had significant success since buying Opel/Vauxhall from General Motors, with Opel/Vauxhall bringing in an €859 million profit in 2018, compared with the €257 million loss it made in 2016 when it was owned by General Motors.

    JLR’s parent company, Tata Motors, however, told PA that: "there was no truth to rumours that Tata Motors is looking to divest its stake in JLR".
    Suggestions that Jaguar Land Rover could be sold follow the firm posting a £273-million loss in the final quarter of 2018, and downgrading the value of assets by £3.1 billion. The recent success of the electric Jaguar I-Pace and all-new Range Rover Evoque have done much to lift JLR’s profile, as has the introduction of more plug-in hybrid and mild hybrid models, but they come off the back of a downturn in the company’s key Chinese market, and slow-selling models like the Jaguar XE and Land Rover Discovery.

    LINK

    PSA don't have a luxury brand. Jaguar Land Rover are losing billions Carlos Tavares is good at turning lame ducks around is not afraid to ruffle a few feathers in the process, having a luxury brand as well makes good business sense, take them over timed to perfection just as J/LR are losing billions, 50% drop off in sales in China and the rise and rise in popularity of the SUV, has stolen the Land Rover customers, Carlos Tavares will step in get them at a rock bottom price and turn and turn them around.
    Last edited by Oldsmobile stopped; 05-13-2019 at 10:43 AM.
    OLDSMOBILE - "Start Something"

    100 MPG Chevrolet Silverado E-REV - Fleets only still waiting.
    Hidden Content
    Cut the dependance on Arab oil, cut the trade deficit in foreign oil.

    Life is to short - drive live your dream

  2. The Following User Says Thank You to Oldsmobile stopped For This Useful Post:

    SierraGS (05-19-2019)

  3. Remove Advertisements
    GM Inside News
    Advertisements
     

  4. #2
    6.2 Liter LS9 Supercharged V8
    Join Date
    Aug 2009
    Location
    England
    Posts
    7,477
    Thanks
    679
    Thanked 2,339 Times in 1,806 Posts
    My Ride
    VW Touareg 3.0 V6 TDI

    Re: PSA looking to buy Jaguar Land Rover

    JLR has two major issues - the downturn in its largest market, China, which will only get worse with the tariff war - and the downturn in diesel demand in Europe which isn't going to get better - neither of which PSA Groupe can fix although I can see why JLR is attractive to them.

    I think there's big politics involved but it'll all come out in the end.

  5. #3
    SKH
    SKH is offline
    6.2 Liter LS9 Supercharged V8
    Join Date
    Feb 2013
    Location
    Los Angeles
    Posts
    5,664
    Thanks
    1,264
    Thanked 2,774 Times in 1,720 Posts
    My Ride
    LR Discovery '17 SiliconSilver

    Re: PSA looking to buy Jaguar Land Rover

    JLR need to form
    Collaborative agreements with Honda? GM? I hate the thought of PSA getting their grubby little mitts on JLR.

  6. Remove Advertisements
    GM Inside News
    Advertisements
     

  7. #4
    6.2 Liter LS9 Supercharged V8
    Join Date
    Aug 2009
    Location
    England
    Posts
    7,477
    Thanks
    679
    Thanked 2,339 Times in 1,806 Posts
    My Ride
    VW Touareg 3.0 V6 TDI

    Re: PSA looking to buy Jaguar Land Rover

    Quote Originally Posted by SKH View Post
    JLR need to form
    Collaborative agreements with Honda? GM? I hate the thought of PSA getting their grubby little mitts on JLR.
    JLR needs to put build quality and reliability beyond reproach, whoever owns it.

  8. The Following User Says Thank You to Ruperts Trooper For This Useful Post:

    CJH (05-14-2019)

  9. #5
    SKH
    SKH is offline
    6.2 Liter LS9 Supercharged V8
    Join Date
    Feb 2013
    Location
    Los Angeles
    Posts
    5,664
    Thanks
    1,264
    Thanked 2,774 Times in 1,720 Posts
    My Ride
    LR Discovery '17 SiliconSilver

    Re: PSA looking to buy Jaguar Land Rover

    Quote Originally Posted by Ruperts Trooper View Post
    JLR needs to put build quality and reliability beyond reproach, whoever owns it.
    I've had my Discovery for 12 months. Nothing has gone wrong. Faultless.

  10. #6
    6.2 Liter LS9 Supercharged V8 richmond2000's Avatar
    Join Date
    Nov 2009
    Location
    Winterpeg
    Posts
    8,649
    Thanks
    9,719
    Thanked 1,667 Times in 1,195 Posts
    My Ride
    2014 RAM 1500 HEMI

    Re: PSA looking to buy Jaguar Land Rover

    Quote Originally Posted by SKH View Post
    JLR need to form
    Collaborative agreements with Honda? GM? I hate the thought of PSA getting their grubby little mitts on JLR.
    for some reason I don't like the notion of PSA "messing" with JLR and would rather they stay Indian

  11. #7
    4.6 Liter Northstar V8 Andrew L's Avatar
    Join Date
    Apr 2009
    Location
    St. Petersburg, FL
    Posts
    1,701
    Thanks
    275
    Thanked 654 Times in 299 Posts
    My Ride
    2013 MKZ Hybrid

    Re: PSA looking to buy Jaguar Land Rover

    J/LR are losing billions, 50% drop off in sales in China and the rise and rise in popularity of the SUV, has stolen the Land Rover customers
    Remember how people here were saying Ford was idiotic for selling J/LR. I bet they are happy now they stuck to their guns on that one.
    Current Car: 2013 Lincoln MKZ Hybrid Reserve Ice Storm 2.0h CVT
    Previous Cars
    2008 Ford Focus SE Sedan White 2.0L Duratec I4 4 Speed Automatic
    2004 Lincoln LS V6 Luxury Cashmere Tri-Coat 3.0L Duratec V6 5 Speed Automatic with SST
    1999 Mercury Sable LS Premium Toreador Red Clear Coat Metalic 3.0L Duratec V6 4 Speed Automatic

  12. #8
    Banned
    Join Date
    Feb 2013
    Location
    Providence
    Posts
    400
    Thanks
    206
    Thanked 103 Times in 61 Posts
    My Ride
    2004 Cadillac CTS; 2012 Impala

    Re: PSA looking to buy Jaguar Land Rover

    Quote Originally Posted by Andrew L View Post
    Remember how people here were saying Ford was idiotic for selling J/LR. I bet they are happy now they stuck to their guns on that one.
    Leave it to a FORD fan to say something ridiculous like this. J/LR is a far better brand than Lincoln could ever be it still would have been a better move to shut down Lincoln and sell J/LR instead at least then they MIGHT compete with Cadillac a little.

  13. #9
    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
    Join Date
    Dec 2003
    Location
    Carlsbad Commiefornia
    Posts
    29,367
    Thanks
    4,628
    Thanked 6,682 Times in 3,244 Posts
    My Ride
    2013 Traverse | 2018 Fusion

    Re: PSA looking to buy Jaguar Land Rover

    PSA is a disaster waiting to happen

  14. #10
    6.2 Liter LS9 Supercharged V8
    Join Date
    Aug 2009
    Location
    England
    Posts
    7,477
    Thanks
    679
    Thanked 2,339 Times in 1,806 Posts
    My Ride
    VW Touareg 3.0 V6 TDI

    Re: PSA looking to buy Jaguar Land Rover

    Quote Originally Posted by mbukukanyau View Post
    PSA is a disaster waiting to happen
    Based on what - wishful thinking?

  15. The Following User Says Thank You to Ruperts Trooper For This Useful Post:

    SierraGS (05-30-2019)

  16. Remove Advertisements
    GM Inside News
    Advertisements
     

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 3
    Last Post: 02-14-2019, 02:04 PM
  2. Tata Motors Wins EU Antitrust Backing to Buy Jaguar, Land Rover
    By steinravnik in forum Asian Competition
    Replies: 0
    Last Post: 04-25-2008, 11:55 AM
  3. Replies: 7
    Last Post: 06-15-2005, 04:03 AM
  4. NAIAS Coverage: Land Rover Range Rover
    By Rex Raider in forum GMI Autoshow Coverage
    Replies: 5
    Last Post: 01-03-2005, 08:52 PM
  5. Land Rover Introduces The 2006 Range Rover Sport
    By dufus22 in forum European Competition
    Replies: 11
    Last Post: 12-03-2004, 09:16 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBadvanced CMPS v4.1.2